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Updates on the Cristo de Los Andes Project
For the latest updates on the Cristo de Los Andes project, please visit our Press Releases page.
(last updated on 29/04/2008)
 The Cristo de Los Andes project is located approximately 75 km to the southwest of Cuzco, Peru in the Apurimac Department of southern Peru. A key aspect of the Cristo de Los Andes project is it is located only 10 km to the south of Antares’ Haquira Project; both within the emerging middle Eocene to early Oligocene Andahuaylas-Yauri copper-gold porphyry/skarn belt which hosts the Tintaya copper-gold skarn mine (Xstrata Copper), the Las Chancas copper-gold porphyry deposit (Southern Peru Copper Corp.), the Las Bambas copper-gold skarn deposits (Xstrata Copper), as well as numerous other copper-gold-molybdenum porphyry and skarn occurrences.
Previous work at Cristo de Los Andes by MISOSA and prior JV partners identified several occurrences of porphyry copper style mineralization associated with dikes and small stocks of diorite to monzodiorite composition emplaced into siltstones and quartzites of the Jurassic Chuquibambilla and Soraya Formations - a geologic setting almost identical to that of the adjacent Haquira project. Only limited drilling has been completed at the 6,400 ha property with a total of eight shallow, widely-spaced holes (1,808 m total) restricted to the principal area of known mineralization which is located nine km south from the Haquira West ore body. Three of the eight holes encountered ore grade intervals of near-surface secondary copper mineralization (hole 143-06 with 33 m @ 0.65% Cu, hole 143-08 with 33 m @ 0.77% Cu and hole CA-2 with 15.4 m @ 0.48% Cu and 17.5 m with 0.44% Cu). Two additional targets with characteristics similar to the mineralized zones encountered by Antares at Haquira have been identified by geologic mapping, rock chip sampling and geophysical surveys.
The Cristo de Los Andes project has excellent potential to quickly provide additional secondary copper mineralization amenable to SX-EW processing within a manageable haulage distance from our Haquira copper project. We are also anxious to apply what we have learned from the Haquira East primary copper-molybdenum-gold discovery to explore for underlying primary copper mineralization at Cristo de Los Andes. The surficial expression of mineralization in this geologic setting can be remarkably subtle; however a persistent exploration effort can achieve success as we have seen at Haquira.
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